Mortgage bonds are taking a hit and testing June 14th lows, following a higher-than-expected August inflation reading of +8.3% y/y ( vs expected +8.1%). MACD is crossing down through the signal, reflecting the downward shift in momentum. It remains to be seen whether to Fed will hike 75bps or 100bps at their Sept 20-21 meeting. Given their steady hawkish remarks...
EXPI is trading over 50% off the high of a run up that culminated in one last push ahead of the announced stock split. At around $90 a share, the stock appeared overvalued on several metrics and post split, immediately sold off...and violently so. Add in the uncertainty that rising rates throws in to the picture and yes there is good reason to see this pullback to...
